Shinzo Abe leaves a news conference at the prime minister's official residence in Tokyo, on Dec. 9. Japan is about to enter a crucial test for Abenomics.
WASHINGTON - The federal government closed the books on the taxpayer bailout of General Motors Co., selling the remaining shares in the nation's largest automaker and taking an expected $10.5-billion loss.
LONDON (Reuters) - The euro hit a fresh five-year high on the yen and a six-week peak against the dollar on Tuesday as expectations for further near-term stimulus from the European Central Bank faded.
WASHINGTON (AP) - A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer.
State-owned Fannie Mae and Freddie Mac will increase the fees they charge lenders for guaranteeing new mortgage loans, beginning in March 2014, in a bid to reduce their market presence and woo private lenders back into the housing finance sector.